27,724 Shares in Rogers Communications Inc. (NYSE:RCI) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new stake in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,724 shares of the Wireless communications provider's stock, valued at approximately $852,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lindbrook Capital LLC lifted its position in shares of Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after acquiring an additional 744 shares during the period. Jones Financial Companies Lllp lifted its position in Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 1,052 shares during the period. Headlands Technologies LLC increased its stake in Rogers Communications by 274.2% in the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock valued at $163,000 after acquiring an additional 3,888 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Rogers Communications by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock worth $178,000 after acquiring an additional 930 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Rogers Communications in the 3rd quarter valued at approximately $248,000. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Rogers Communications Trading Down 0.3 %

RCI stock traded down $0.07 during midday trading on Monday, hitting $25.45. The stock had a trading volume of 362,365 shares, compared to its average volume of 1,166,695. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The firm has a market cap of $13.64 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The business has a fifty day moving average price of $26.43 and a two-hundred day moving average price of $30.19. Rogers Communications Inc. has a 1-year low of $23.18 and a 1-year high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, sell-side analysts predict that Rogers Communications Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be paid a $0.3611 dividend. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Monday, June 9th. Rogers Communications's payout ratio is 59.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RCI shares. Canaccord Genuity Group upgraded shares of Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Bank of America cut Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Scotiabank cut Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. Finally, Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $67.00.

Rogers Communications Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.